Blue v. Doral Financial Corp.

OPINION AND ORDER

GUSTAVO A. GELPÍ, District Judge.

Lead Plaintiffs (“Plaintiffs”), Jensine Andresen, Ken M. Nimmons, and Morde-chai Hakim, bring this putative class action lawsuit on behalf of a class of investors against the holding company of Doral Bank (“Doral Bank” or the “Bank”), Doral Financial Corporation (“Doral”), and several current and prior company executives, Glen R. Wakeman (“Wakeman”), Robert E. Wahlman (“Wahlman”), Penko Ivanov (“Ivanov”), David Hooston (“Hooston”), Enrique R. Ubarri-Baragano (“Ubarri”), and Christopher C. Poulton (“Poulton”) (all defendants collectively…